State: Virginia - VA

Washington Business Journal Crown Properties has paid $28 million, or $145.08/sf, for Monument III, a 193,000‑square‑foot office building in Herndon, Va. The New York investor purchased the 13‑story property from Santander Bank, which took control of it two years ago ...

Washington Business Journal A venture of Hoffman & Associates, Snell Properties, and Mitsui Fudosan America Inc. has lined up $195 million of construction financing to build 4600 Fairfax, a 420-unit apartment project in Arlington, Va. The seven-story project is being ...

Bonaventure has paid $39.5 million, or $189,904/unit, for the 208-unit Royal Pointe Apartments in Virginia Beach, Va. The Alexandria, Va., investment manager purchased the 39-year-old property through its Bonaventure Multifamily Income Trust, a five-year-old open-ended fund that's structured as a ...

Bisnow Comstock Holding Cos. has paid $40.2 million, or $217.30/sf, for the 185,000-square-foot office building at 2200 Woodland Pointe Ave. in Herndon, Va. The Reston, Va., investor acquired the property from Union Investment Real Estate GmbH Corp. National security contractor ...

Commercial Real Estate Direct Staff Report The $33.5 million CMBS loan against the 407-room Norfolk Waterside Marriott is headed to foreclosure. The loan, originated just three years ago and securitized through BANK5, 2023-5YR2, transferred to special servicer CWCapital Asset Management ...

FS Credit REIT has provided a $74.48 million loan against the 267,294-square-foot Shops at Stonefield in Charlottesville, Va. The retail property, at 2100 Hydraulic Road, is owned by O'Connor Capital Partners of New York, which bought it in 2016 for ...

Commercial Real Estate Direct Staff Report AH Realty Trust, the former Armada Hoffler Properties Inc., has struck a deal to sell 11 of its 14 apartment properties in Virginia, Maryland, Georgia, and North Carolina for $562 million in cash to ...

The Chattanooga, Tenn., REIT, which filed for bankruptcy in 2021 and was able to eliminate $1.7 billion of debt and preferred equity through its restructuring, has stopped making payments against the three properties' mortgages, which have a total balance of ...

Simon Property Group, which owns the Williamsburg Premium Outlets retail center in historic Williamsburg, Va., has negotiated a three-year term extension of the property's $185 million mortgage.

OakNorth Bank and Bravo Property Trust have provided $42 million of financing against a pair of assisted-living properties with a total of 177 units in suburban Detroit and Chesapeake, Va. OakNorth, an online bank based in the United Kingdom, moved into ...